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Three ways that a company in one country can sell its product to a market in a foreign country? Give examples involving the US either as the country of the company selling or with the US as the foreign country.
Sketch a demand curve that is unit elastic for a price change between $9 and $11. Assume that the quantity demanded is 110 when price is $9. You’ll have to determine the quantity demanded when price is $11.
Each firm in a competitive market has a cost function of C=16+q^2, so its marginal cost function is MC=2q. The market demand function is Q=24-p. Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms.
Airline travel and train travel in Europe are substitute goods. Suppose the price of airline travel decreases. 1. Explain what happens to the demand curve for airline travel. The demand curve for airline travel would increase because
Suppose the production function in medieval Europe is Y = K0.5L0.5,where K is the amount of land and L is the amount of labor. The economy begins with 100 units of land and 100 units of labor. Use a calculator and equations in the chapter to find a n..
The operator of the tunnel that links Britain and France, Eurotunnel, said that commercial and tourist traffic using its car and coach shuttle service had fallen sharply, leading to a drop in operating revenues of 4%. Eurotunnel's chief executive, bl..
An increase in the demand for autoworkers may come about because of all of the following EXCEPT a(n):
Describe a source of debt financing, and discuss when this type of financing would be appropriate for a small business.
The annual profits of small business owners in the town of Brownville has a normal distribution with mean $50,000 and standard deviation $4000.
q1. why does the saying no taxation without representation make sense for public goods but not for private goods?
If the demand for housing falls, reducing planned investment by $75 billion, what is the effect on national income and output (GDP) (the consumption function is c = 50 + 0.7 (yd))
How does applying econometrics to economics validate economic decisions for an organization? Support your response with an example
The deadweight loss from a tax of $x per unit will be smallest in a market
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